![]() ![]() An item charge number contains a combination of general product posting group, tax group code, VAT product posting group, and item charge. include purchase allowances into the unit cost and sales allowances into the unit price.īefore you can assign item charges, you must set up item charge numbers for the different types of item charges, including to which G/L accounts costs related to sales, purchases, and inventory adjustments are posted to.Break down the unit cost or unit price of an item for analysis purposes.Identify the landed cost of an item for making more accurate decisions on how to optimize the distribution network. ![]() In addition to recording the added cost in you inventory value, you can use the Item Charges feature for the following: For sales, knowing the cost of shipping sold items can be as vital to your company as knowing the landed cost of purchased items. For purchases, the landed cost of a purchased item consists of the vendor's purchase price and all additional direct item charges that can be assigned to individual receipts or return shipments. To ensure correct valuation, your inventory items must carry any added costs, such as freight, physical handling, insurance, and transportation that you incur when purchasing or selling the items.
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